Here are some recent headlines from the trucking industry, which continues to grow, add jobs and boost the economy.
CNG partnership in the works
Overdrive Magazine recently reported that “Mainstay Fuel Technologies and Watson Engineering are teaming on Mainstay’s proprietary on-board CNG fuel storage and delivery systems for heavy-duty trucks.” The same article reported that “Watson will provide components and fabrication services.”
“Watson’s broad experience with engineered structural solutions and their long-standing ties to transportation OEMs significantly increases our capabilities to service our fleet customers,” said Rod Grandy, Mainstay’s CEO. He added, “Watson’s manufacturing capacity, combined with our proprietary designs and high-pressure expertise, will enable us to scale quickly and meet the growing market demand for CNG-powered trucks.”
Private-Public partnerships proposed for transportation plan
As truck officials wait for lawmakers to develop a new long-term funding plan for highway and transportation spending, it appears that private-public partnerships might be a part of any new deal.
“Public Private Partnerships will be part of the funding mix in the next highway program but the precise role they will play is not clear,” reported TruckingInfo.com.
“Transportation legislators got a range of views from partnership experts in a Tuesday session before members of the House Transportation and Infrastructure Committee.”
One lawmaker has proposed the Partnership to Build America Act, which uses both government and private entities to build and maintain roads and infrastructure.
The bill, which is from Rep. John Delaney, D-Md., has bipartisan support in the House and Senate and would create a tax incentive for private interests to invest $50 billion in infrastructure projects.
“Under the terms of his deal, businesses would buy bonds in return for getting tax-free repatriation of a certain amount of their overseas earnings,” TruckingInfo.com reported. “The $50 billion could be leveraged up to $750 billion in infrastructure financing.
“This approach fuses two concepts,” Delaney said. “It increases investment in infrastructure and it creates incentives to bring dollars home.”
Congestion on the rise as more trucks hit the road
Traffic congestions causes a lot of headaches for Americans and it’s also a problem for the commercial trucking industry.
With more cars and trucks on the road these days, traffic is becoming a regular part of life across the country. It’s become such a big problem that commercial truck carriers are finding themselves having to spend billions of extra dollars each year.
“Congestion on the nation’s Interstate highways added over $9.2 billion in operational costs to the trucking industry in 2013, according to research released Wednesday by the American Transportation Research Institute,” reported TruckingInfo.com. “The group used motor carrier financial data along with billions of anonymous truck GPS data points to calculate congestion delays and costs on each mile of Interstate roadway. Delays totaled over 141 million hours of lost productivity, which equals more than 51,000 truck drivers sitting idle for a working year.”
Good salaries can be found in trucking sector
Employment opportunities are growing across the nation, but many Americans are finding that the high-paying jobs that were available before the recession are no longer in high supply.
The New York Times recently reported that many high-wage and middle-wage jobs have been wiped out over the past few years.
“In essence, the poor economy has replaced good jobs with bad ones,” wrote Annie Lowrey in an April 27 New York Times article. “That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.”
While good paying jobs might be hard to find, there is one sector that offers steady employment and good pay. The commercial truck industry has experienced rapid growth in recent years and there are many good paying jobs for those applicants with professional CDL training. Considering a career as a professional truck driver might be the right choice, especially as the nation no longer offers as many good paying jobs as it once did.
Driving a commercial truck today is different than it used to be. However, fall all the changes in technology, health and safety, each truck still requires a professionally trained driver behind the wheel. That means as the industry continues to put more trucks on the road to meet growing demand, there will also be a growing demand for driver with CDL training.